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Archive Monthly Archives: October 2017

"More Than 200" Dead After Tunnel Collapses At North Korean Nuclear Test Site

North Korean nuclear scientists apparently ignored warnings from a group of Chinese colleaugues who briefed them back in September that the North’s Punggye-ri nuclear test site was slowly imploding following the country’s sixth nuclear test, which involved a 100-kiloton hydrogen bomb roughly seven times more powerful than the weapon dropped by the US on Hiroshima […]

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Stumbling UK Economy Shows Importance of Gold

Stumbling UK Economy Shows Importance of Gold – UK economy outlook bleak amid Brexit, debt woes and rising inflation– Confidence in UK housing market at five-year low– UK high street sales crash at fastest rate since 2009– Number registering as insolvent in England and Wales hit a five-year high in Q3– UK public finance hole […]

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John Kelly Says White House Unfazed By Mueller Indictments

White House Press Secretary Sarah Sanders delivered the administration’s official response to yesterday’s developments in Special Counsel Bob Mueller’s probe into collusion between the Trump campaign and Russia during a press conference yesterday, but just in case anybody has any doubts about the Trump administration’s attitude toward the indictments (not to mention Papadopoulos’s guilty plea), […]

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Russia Begins Construction Of Two Nuclear Plants In Iran

Iran has started work on two $10 billion nuclear reactors in the Bushehr nuclear power plant, the Islamic Republic News Agency reported on Monday citing Ali Akbar Salehi, head of Atomic Energy Organization of Iran. Work on the two reactors “will commence next week,” the state television website quoted Behrouz Kamalvandi as saying. Salehi said […]

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"It's Unstoppable" – US Home Prices Rise At Fastest Pace In Over 3 Years

US national home prices are up 6.07% YoY in August – the fastest rate since June 2014. We note this data is for August – before the hurricanes. Seattle (up 13.2 percent), Las Vegas (up 8.6 percent), and San Diego (up 7.8 percent) were the top three cities in terms of year-over-year price appreciation; all […]

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"Wacky And Totally Unhinged Steyer" Gathers 1 Million Signatures On His Trump Impeachment Petition

A couple of days ago we noted the efforts of “wacky and totally unhinged Tom Steyer” (Trump’s description, not ours) to impeach President Trump.  The effort revolved around the launch of a $10 million campaign, which included a commercial during the World Series, to gather petition signatures calling for impeachment.  Here’s a brief summary of […]

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Less Than Meets The Eye To Nasdaq Rally?

Via Dana Lyons’ Tumblr, On an equal-weight basis, the Nasdaq 100 just dropped to a relative all-time low. There are many ways to measure the level of participation, i.e., the number of stocks that are taking part, in a stock market rally. One way is to look at the market’s “internals”, e.g., advances vs. declines, […]

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CME To Launch Bitcoin Futures In Q4

As the mainstream contonues to embrace cryptocurrencies – much to the chagrin of Jamie Dimon et al. in the establishment – CME Group is “responding to client interest” and launching a Bitcoin Futures contract in Q4. CME Group says new contract will be cash-settled, based on the CME CF Bitcoin Reference Rate (BRR) which serves […]

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Can The Cautious Capitalist Invest in Cryptocurrency?

The currency market is hot and many investors are attracted, but “What we’re looking at is a new technology that people are still trying to understand,” says Mathew Gertler of Digital Asset Research and compares it to the Internet in 1994. Warren Buffet has been quoted as saying. “Never invest in a business you cannot […]

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Trump To Make Fed Chair Announcement On Thursday: Politico

Far more important than any corporate earnings or central bank announcements this week, will be Trump’s widely telegraphed and trial ballooned choice who will replace Janet Yellen, and as Politico writes, that announcement is likely to come on Thursday. As Politico reports, citing sources, “look for an announcement on Thursday, though plans are not totally […]

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